Consolidated Lithium Metals (CVE:CLM) Stock Price Down 33.3% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was down 33.3% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 903,170 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 507,164 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Trading Down 33.3%

The business’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01. The stock has a market cap of C$7.79 million, a P/E ratio of -6.67 and a beta of 2.18. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

About Consolidated Lithium Metals

Consolidated Lithium Metals Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for lithium, molybdenum, tantalum, and diamond deposits. The company holds interests in the Vallée lithium project located in the La Corne and Fiedmont townships; the Preissac La Corne Lithium portfolio located in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite project located in Quebec.